SOL GLOBAL INVESTMENTS CORP. ACQUIRES 10.22% EQUITY STAKE IN CAPTOR CAPITAL CORP.
Captor Capital Corp. owns 51% of One Plant California
Sol Global’ s average-cost-base on Captor Capital Corp. is approximately $0.83 per share
April 12, 2021 (Toronto, Ontario) – SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE:SOL) (OTCPK:SOLCF) (Frankfurt:9SB) announces that it has acquired more than 10% of the issued and outstanding Common Shares (“Common Shares”) of Captor Capital Corp. (“Captor”) (CSE:CPTR) through the facilities of the Canadian Securities Exchange (“CSE”).
“Captor owns a 51% interest in One Plant California which operates six (6) retail stores in California at the moment”, said Andrew DeFrancesco, Chairman and Chief Executive Officer of SOL Global. “We are big believers in California cannabis, especially at the premium retail level. As founders of One Plant Florida, we are beyond confident in what can be achieved in California given the experienced team leading the charge.”
On April 6, 2021, SOL Global acquired 67,000 Common Shares at a price of $1.20 per Common Share through the facilities of the CSE for total consideration of $81,219.00 (the “Transaction”). Immediately before the completion of the Transaction, SOL Global owned 3,790,500 Common Shares, representing approximately 9.84% of the issued and outstanding Common Shares on a non-diluted basis. Following the completion of the Transaction and all subsequent acquisitions of Common Shares by the Acquiror on April 6, 2021 and April 7, 2021, SOL Global now owns 3,938,200 Common Shares, representing approximately 10.22% of the issued and outstanding Common Shares on a non-diluted basis. SOL Global’ s average-cost-base on Captor is $0.83 per Common Share.
The completion of the Transaction, together with all subsequent acquisitions of Common Shares by the Acquiror on April 6, 2021 and April 7, 2021, resulted in a 0.38% increase in the Company’s security holding percentage of the issued and outstanding Common Shares.
The Company acquired the securities reported herein for investment purposes. The Company may, depending on market and other conditions, increase or decrease its beneficial ownership in Captor’s securities, whether in transactions over the open market, by privately negotiated arrangements or
otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.